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oil refineries

FEATURE

Shortage of oil refineries haunts Africa as fuel prices rocket

A shortage of oil refineries across sub- Saharan Africa coupled with soaring crude prices because of the war in Ukraine has left countries dangerously short of fuel supplies, disrupting airlines and causing queues at filling stations. The surge in prices…

NewsDirect
June 30, 2022

Energy

Nigeria’s oil refineries lose N104.3bn in 13 months

The latest report by the Nigerian National Petroleum Corporation (NNPC) shows that Nigeria’s refineries lost a total of N104.3billion in 13 months while not processing any crude oil from the refineries during the period. The plants continued to lose money…

NewsDirect
August 3, 2021